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Customers Bancorp, Inc. (CUBI)

NYSE - NYSE Delayed Price. Currency in USD
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30.30+0.56 (+1.88%)
At close: 04:00PM EDT
30.30 -0.03 (-0.10%)
After hours: 04:11PM EDT
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  • J
    JIII
    Purchase more shares or give us a dividend - it is tough to see this stock cut in half from its high.
  • C
    C
    Got beaten up on CUBI but I’m still long; it’s an efficient, sharp bank.
  • T
    Tripy Ran
    Init my long position here
  • b
    bottomsupinvestor
    Well, it looks like BMTX is now trading. If I read the new report correctly, we won't actually get the shares transferred to CUBI shareholders for another 6 to 12 months depending on the stock price. I am assuming if you sell CUBI shares before then, that you still get the BMTX shares when they are transferred but I am not positive. We sure have a nice run upwards today.
  • J
    JIII
    Nice!
    Customers Bancorp, Inc. (NYSE: CUBI) announced today that its Board of Directors authorized a new share repurchase plan to repurchase up to 10% of its outstanding common stock as of June 30, 2021 over a one-year period.

    "This authorization reflects the next step in our multiphase strategy to increase shareholder value," said Jay Sidhu, chairman and CEO of Customers Bancorp, Inc. "We could not be happier with where we stand today and the prospects of our company. Depending on the timing of PPP loan forgiveness, we now expect 2021 core earnings per share to be between $7.00 and $8.00, with a resulting book value of up to $37.00 per share by year-end 2021, before the effect of any common share repurchases. We also expect to launch our previously announced Real Time Payments systems network before the end of third quarter 2021. As a forward-thinking technology enabled regional community bank, we are excited about our future. Our fintech capabilities generated $72.5 million of shareholder value creation through the BankMobile divestiture and special one-time dividend and about $400 million of total anticipated revenues from PPP alone," commented Sidhu.
  • m
    matt
    The market seems to be less than enthusiastic about the shrink assets, grow margins plan. Maybe if the spinoff isn't happening, it would make more sense to make the compliance and legal hires necessary to comply with regulations and grow into a mid-sized bank?
  • J
    JIII
    Any guess as to how much BM Technologies common stock will be distributed for each common share of CUBI?
    Bullish
  • J
    JIII
    7:57a ET 2/16/2021 - MarketWatch
    Customers Bancorp stock price target raised to $34 from $26 at B. Riley
  • b
    bottomsupinvestor
    Closing completed. Looks like slightly more shares that the original 0.11 - 0.14 range anticipated:

    "Upon closing of the Merger, Customers received cash consideration of $23.1 million and holders of Customers common stock who held their Customers shares as of the close of business on December 18, 2020 became entitled to receive an aggregate of 4,876,387 shares of BMT's common stock, representing approximately 41% of the outstanding common stock of BMT. Each holder of Customers common stock is entitled to receive 0.15389 shares of BMT common stock for each share of Customers common stock held as of the close of business on December 18, 2020. No fractional shares of BMT common stock will be issued; fractional share otherwise issuable will be rounded to the nearest whole share"
  • b
    bottomsupinvestor
    On the last conference call, management indicated that they would start to buy back shares at the end of 2021 if the share price was below book value. I would think that book value would be over $30 by then.
  • R
    Russell
    $2/shr eps?
    Citigroup posting $2/shr and trading above $75.......This seems like a Better bargain seems like a better bargain than Citigroup.

    I own shares of Citigroup.
  • J
    JIII
    Customers Bancorp Listed in Kiplinger’s 6 Best Financial Stocks to Buy in 2021

    Nice!
  • J
    JIII
    Insiders have recently been selling. Maybe CUBI has reached a temporary top. Next year earnings will be lower as the extra Covid fees will be disappearing. Still long and strong the stock, but would rather see insider buys.
  • b
    bottomsupinvestor
    On a previous comment, I got a thumbs down when I mentioned that I assumed the Bank Mobile transaction would be a 2021 taxable event. Am I incorrect? I don't know for sure so please correct me if I am wrong.
  • D
    David
    Diluted EPS were $2.05 in 2019, $3.74 in 2020 and are $7.26 so far and currently projected to end 2021 north of $9.

    And only a tiny fraction of that is related to Crypto.
  • N
    Neil
    My BMTX restricted stock distribution showed up on 01/08 in my brokerage account. Number of shares was the correct ratio of 0.15389 shares of BMTX for each CUBI share.
    Not available to sell until restriction conditions are met.
  • a
    addis
    Analyst day is next week. Expect Sidhu to unlock the hidden value in the mobile bank one way or another. This will result in the stock popping by 10% or more. So, load up now!!!
  • m
    matt
    This things lost more value in 3 months than Bank Mobile was ever going to be worth near term. At a time when financials have an interest rate tailwind. Something else is up.
  • C
    C
    Undervalued by a ton. Good balance sheet. Sidhu is a great banking leader.
    Bullish
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